GerBanks

Bankers Have Lowered GDP Growth Forecast for Germany

LogoCrises in the Ukraine and the Middle East have a negative impact on the development of the economic situation in Germany. The Federal Association of German Banks (BdB) submitted a report in which the GDP growth forecast for the current year was reduced from 1.8 to 1.5 percent. Next year, the figure is 1.6 per cent - instead of the expected two percent. At the same time, experts do not fear a recession, according to the DPA agency. This is due to favorable critical indicators - high employment, low bank rates, the recovery of the economic situation in the United States and a weak euro.